Istanbul, Turkey, 6-7 November 2006: The 2006 Global Forum on International Investment focused on international investor participation in infrastructure and investment policy using the Policy Framework for Investment.

This Roundtable discussed Turkey’s recent experience with strategies for enhancing the enabling environment for investment, focusing on the relevant aspects of regulatory reform and their impact on the investment climate.

Given the very frequent occurrence of the umbrella clause in modern investment treaties, and the different language used in these treaties, this paper aims to improve an understanding of the interpretations of this clause.

Two major OECD reports on Turkey this week on corporate governance in Turkey on 17 October and an Economic Survey of Turkey on 18 October, coinciding with an official visit to Istanbul and Ankara by the Organisation’s Secretary-General, Angel Gurría.

The second issue of the Investment Newsletter focuses on OECD work on preventing investment protectionism, as well as reporting on recent FDI developments and their measurement. It also reviews the results of the investment policy review of the Russian Federation and offers asummary of recent work on implementing the OECD Guidelines for Multinational Enterprises.

The UN Secretary General’s Special Representative on business and human rights, has just published a survey of the human rights practices of the Fortune Global 500 companies. The survey results include information on the Global 500 companies’ references to external instruments, including to the OECD Guidelines for Multinational Enterprises.

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Competition law in Chinese Taipei has been an important element of the program of economic reforms that moved the economy from centrally directed emphasis on manufacturing and exports to a market-driven emphasis on services and high technology.

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This report assesses progress of implementation of the six priorities and 36 recommendations for corporate governance reform in the Asian region formulated in the 2003 White Paper on Corporate Governance in Asia.